'Behind the talk is the notion that monetary spending makes the economic world go round. It does not. Increasing the money supply does not magically increase the quantity of land, labor, or capital goods available for production. Creating money out of thin air does not produce more consumer goods, and there is the rub. We cannot eat money. We cannot wear money. We cannot live in money. Even the Beatles knew that money can't buy you love.'

'..a future without taxation is that not so long ago slavery was normal, and in many parts of the world nobody could have conceived of life without it..'

'Another reassuring example for those who want answers right now regarding a future without taxation is that not so long ago slavery was normal, and in many parts of the world nobody could have conceived of life without it. When some pointed out the ethical and economic problems behind the practice, the vast majority of people claimed that, not only was it impossible to abolish slavery, but even the slaves themselves were actually better off in captivity than in liberty. Today these claims seem ludicrous to us.

Some were genuinely concerned about the slaves. Because they had no property, some said they would all be homeless and scattered around. Such well-meaning conservatives even feared that without their masters the slaves would be unemployed. And above all, the worriers claimed that the entire economy would collapse, putting everyone — former slaves included — in a state of abject poverty.

The idea of a world without taxes is hard for us to imagine, and there are many unanswerable questions that we would like answered. But we need to stand for liberty regardless of our reservations, just like we still stand against slavery.

While I agree that lots of neat things can be done with stolen money, we need to remember that we would never go to our neighbors with a gun and tell them to pay for our education or retirement, regardless of how rich they were. We wouldn't do it because it's wrong. Even a toddler knows that.'

'..a thorough understanding of the process by which both credit and money are expanded and how to properly define money are critical in grasping the phenomenon of the trade cycle that has nowadays become an almost 'normal' feature of our manic-depressive boom-bust economy..'

'..we believe that a thorough understanding of the process by which both credit and money are expanded and how to properly define money are critical in grasping the phenomenon of the trade cycle that has nowadays become an almost 'normal' feature of our manic-depressive boom-bust economy. It is critical because contrary to the arguments of the camp in favor of government intervention in the economy - a camp that includes the vast majority of today's 'mainstream' economists - the trade cycle that results from credit expansion is not an inherent feature of an unhampered free market. Instead it is the result of government privileges granted to the banks that were primarily designed to use the credit expansion process for financing the State's expansion 'through the back door' - by means of inflation rather than taxation..'

'..The case in point is Ireland .. how severely damaging the boom-bust cycle can be..'

'..The case in point is Ireland. The amount of capital malinvestment and unsound credit supporting it during Ireland's housing boom was vast. The decision by Ireland's government to bail out its insolvent banks on the taxpayer's dime has shifted the massive losses these malinvestments have produced onto the government's balance sheet. Concurrently the bust has dramatically cut into government revenues – with the result that a former model of fiscal propriety has turned into a bankrupt nation that has become a ward of the ESM. If this does not vividly illustrate how severely damaging the boom-bust cycle can be, nothing will. One would do well to remember at this point that the boom-bust sequence that laid Ireland and other nations low was a product of the irresponsible policies of Western central banks prior to and during the boom phase. Had not the Fed and the ECB lowered rates to extremely low levels and pumped up their respective money supplies in the wake of the tech bust of 2001, the boom in Ireland would never have gotten so extremely out of hand..'

'If 1 percent interest rates and that small Greenspan monetary increase back in 2000 caused the boom and ultimate crash of 2008, then what will be the ultimate result of our current extended course of 0 percent interest rates and a 300 percent increase in the monetary base?'